S&P Global Ratings affirmed its ‘B-/C’ long- and short-term counterparty credit ratings on Capital Bank Kazakhstan JSC (CBK). The outlook is negative. At the same time, S&P affirmed ‘kzB+’ Kazakh national scale rating on the bank. “The affirmation follows an improvement in CBK’s liquidity metrics in the first half of February,” S&P said. “The bank’s…Details
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Ukrainian power grid will be able to stably operate without any blackouts until March 15-20, Ukrenergo Head Vsevolod Kovalchuk has said. “We can guarantee that with the current temperatures and current operations no one would feel the results of introducing the state of emergency until March 15 or March 20,” he said on Facebook page…Details
The National Bank of Ukraine (NBU) in 2017 expects that the banking sector would see profit, not taking into account PrivatBank, the NBU has reported on its website. The key factors that influence this in 2017 will be the reduction of sending to reserves and active growth of interest income thanks to the increase in…Details
The National Bank of Ukraine (NBU) has introduced some new requirements for payment systems oversight, their participants and operators, the central bank has said on its website. The new requirements are outlined in NBU Board resolution No. 11 signed on February 13, approving of amendments to some NBU acts. The document came into effect on…Details
Ukrainian exporters supplied 42.5 KMT of flour to foreign markets in December 2016, up by 43.5% YoY. Overall, this is the largest monthly volume of flour shipments from Ukraine. Ukraine exported 9.6% more flour in H1 2016/2017 than at the same time in MY 2015/2016 (197.6 KMT and 180.3 KMT respectively). As before, the largest…Details
“Security is not cheap. Otherwise the price is the entire country,” Latvian Defense Minister Raimonds Bergmanis said. On February 15, as part of a meeting of NATO defense ministers in Brussels, Bergmanis took part in a meeting of the North Atlantic Council. The meeting discussed the realization of decision made at the NATO Summit in…Details
The trade turnover between Ukraine and the Czech Republic increased by 18.6% in January-November 2016. This was discussed by the Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze and Agriculture Minister of the Czech Republic Marian Jurecka. The parties discussed cooperation between the two countries in the field of agriculture and welcomed the…Details